Calculate the Value of Long-Term Debt Given the Following Information

question 229

Multiple Choice

Calculate the value of long-term debt given the following information: total debt = $100,000; debt/equity ratio = 0.40; long-term debt ratio = 0.2308.

• A) $75,000
• B) $70,000
• C) $65,000
• D) $60,000
• E) $55,000

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